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Personal Financial Literacy Vocabulary Flashcards | StudBud
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Personal Financial Literacy Vocabulary
Personal Financial Literacy Vocabulary
16 terms
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StudBud Administration
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106 plays
#personalfinancialliteracy #thirdgrade
Flashcards
16 cards
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Questions
16
Answers
1
not having enough of a resource
needs
availability
demand
scarcity
2
plenty of resources; there is enough for everyone who wants it
scarcity
availability
resource
income
3
money you pay when you borrow money or money you receive for lending money
interest
income
supply
credit
4
giving things like money, items and time to others and not expecting anything in return
charity
needs
wants
resource
5
things used to produce goods and services
wants
resources
needs
income
6
things a person wishes to have but can live without
income
needs
wants
spending
7
things a person must have to survive
interest
wants
credit
needs
8
money earned by doing work
interest
needs
income
credit
9
an organization or person that lends money
dad
credit
mom
lender
10
paying money for goods and services that you expect
unplanned spending
income
saving
planned spending
11
the knowledge, education, or skills that can be used by a person to earn income --
unplanned spending
labor
human capital
income
12
paying money for goods and services you do not expect
saving
unplanned spending
income
planned spending
13
an amount of money put aside for the future
saving
spending
planned spending
unplanned spending
14
Work or service performed by people for wages that provide goods or services for others...
human capital
income
human labor
planned spending
15
Read the scenario-
Availability
Scarcity
16
a way to buy something and pay for it later
income
interest
saving
credit
